A wheelchair is a medical maneuver that is designed to provide mobility amongst people with limited or no ambulant ability without assistance. Wheelchairs are propelled either manually or through automatic systems and assist people in becoming more independent and mobile. Physical disabilities among adults and children are rapidly increasing worldwide. Consistent with the world health organization (WHO), in 2018 around 15% of the world population is grief from a different form of disability. Moreover, the increasing geriatric population across the world is likely to boost the demand for wheelchairs over the forecast period.
The global market is increasing owing to the growing occurrence of diseases that causes walking incapacity among individuals coupled with the increasing geriatric population. The growing product portfolio with the combination of advanced features in existing products by the growth of new products by key players is also driving the demand in the market. The increasing incidence of accidents, which causes temporary or permanent physical incapacity, is a factor boosting the market value. The continually growing obese population across the globe owing to drastic changes in daily lifestyle is an additional factor accelerating the demand for wheelchairs. Along with these, the growing spending on healthcare infrastructure in some developing economies is likely to support the market growth.
ECONOMIC IMPACT OF COVID 19 ON WHEELCHAIR MARKET
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the Wheelchair market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The study analyses the global wheelchair market based on product, application, category, and geography.
By product, the market is segmented into electrical and manual. The manual segment will dominate the market over the forecast period owing to lightweight, affordability, and non-dependability on charging. Similarly, they come in a diversity of conformations and weight, from standard to ultra-lightweight, need little space as a lot of the models with foldable choices.
Adult and pediatric are the two major categories of the market. The adults' segment accounted for the largest revenue share of the market. The segment is anticipated to continue its dominance through the forecast period. Owing to the growing aging population globally, which forms part of the definition for adults. Adults include persons from the age group of 18 onwards. Disability in older people due to arthritis pain, or stiffness in a knee, hip, ankle, or foot upsurges the demand for wheelchairs.
The market finds application in-home care, hospitals, ambulatory surgical centers, and rehabilitation centers. The rehabilitation centers segment held a lion’s share in the market. The segment is expected to continue its dominance over the forecast period. The hospital segment is also anticipated to grow rapidly due to the growing medical emergencies that require wheelchairs.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is leading the global wheelchair market. The region is backed by large populace base countries such as China and India. These countries are witnessing developments in healthcare facilities and increasing government initiatives for offering quality mobility devices.
The key competitor of the market includes Carex Health Brand, Inc., Drive Medical Design & manufacturing, Graham-Field Health Products Inc., Medline, Karman Healthcare, Numotion, Pride Mobility Products Corp., Quantum Rehab, Sunrise Medical LLC, Invacare, among others.
The study analyzed the global Wheelchair market based on product, application, category, and geography. The product of the market is electrical and manual. The manual segment will dominate the market over the forecast period. Adult and pediatric are the categories of the market. The adults' segment accounted for the largest revenue share of the market. The market finds application in-home care, hospitals, ambulatory surgical centers, and rehabilitation centers. The rehabilitation centers segment held a lion’s share in the market. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.
Why To Buy This Report: